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UPDATED JUNE 29
Note: On June 29, the House Ways & Means Committee indicated that the Committee has no plans to revisit Rothification as part of the new tax reform discussions. Click here for details.
There’s no rest for the weary on Capitol Hill, as what was once thought of as “dead” may rise...
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The American Retirement Association has submitted a comment letter to the IRS asking for clarification on certain provisions of the new procedures for the pre-approved plan document program, recommending further enhancements to it and requesting a five-month extension of the submission deadline for...
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Would you, or someone you know, like to receive the Qualified 401(k) Administrator (QKA) credential? This credential is ideal for retirement plan professionals looking to further their careers. PenChecks Trust Company of America (PenChecks Trust®) and the American Society of Pension Professionals...
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Massachusetts Secretary of the Commonwealth William F. Galvin has charged MetLife with making misleading statements relating to its failure to make pension payments to hundreds of Massachusetts retirees.The complaint filed by Galvin’s office alleges that MetLife’s public filings contained material...
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The American Retirement Association is asking Congress to expand the self-correction program (SCP) within the IRS’ Employee Plans Compliance Resolution System (EPCRS) to enable businesses with retirement plans to more easily correct common mistakes.The request – in the form of a June 26 letter to...
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One of my favorite cinematic quotes is from that Clint Eastwood classic, “Dirty Harry.”It comes at the very beginning of the movie — there’s a bank robbery in process, and Clint Eastwood (in the personage of Inspector “Dirty” Harry Callahan) is trying to wolf down a hot dog when the commotion...
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You may have missed it, but there was a bit of a “twitter storm” regarding retirement recently.More specifically, a relatively innocuous post about how much a 30-year-old should have saved toward retirement got a lot of 35-year-olds stirred up. The CBSMarketwatch article quoted Fidelity as saying...
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There’s that email from Accounts Payable: Mrs. Jones’ pension check is uncashed. Again. But no one knows why — she’s a missing participant. This kind of scenario, which is widespread, was the grist for a discussion at the SPARK Institute’s recent national convention held at National Harbor, MD.
Why...
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“The dog ate my homework.” We all miss deadlines. But sometimes there are extenuating circumstances, as even the IRS recognizes — for instance, regarding required minimum distributions (RMDs). In a recent PenChecks Trust blog entry, longtime ASPPA member Bill Grossman, Managing Member of WCG...
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Nominations are now being accepted for ASPPA’s Leadership Council.
Elected at-large members of the Leadership Council serve for one term of four calendar years. Nominees must be credentialed ASPPA members nominated by at least two members to be considered.
To download the nomination form, click...
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